Powell to Put Rates, Fed Independence
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The economic dilemma comes on top of an extraordinary, high-pressure political situation the Fed chair faces, as Trump relentlessly demands lower rates.
The U.S. dollar firmed on Friday and was poised for a strong weekly performance as investors reassessed rate cut wagers ahead of an eagerly anticipated speech from Federal Reserve Chair Jerome Powell that could shape the near-term monetary policy path.
Federal Reserve Chair Jerome Powell is set to give what could be his most consequential speech yet — just a few days after one of his colleagues was threatened with prosecution for alleged mortgage fraud.
The Federal Reserve has been working this year on updates to its “framework,” or its longer-run strategy, and Fed Chair Jerome Powell is expected to preview the revisions in his speech Friday. The mos
The Indian rupee weakened further on Friday, extending its late-session slide from the previous day, as the dollar rose ahead of a speech by Federal Reserve Chair Jerome Powell and on renewed concerns of steep U.
"No American thinks it is appropriate that she serve during this time with a cloud hanging over her,” Ed Martin wrote in a letter to the Fed chair.
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The Indian rupee is expected to open largely flat to slightly weaker on Friday, with near-term sentiment titled bearish ahead of Federal Reserve Chair Jerome Powell's speech post market that may offer cues on the interest rate outlook.